Akshaye Khanna plays Shekhar, a talented AD turned script-writer-director. Arshad Warsi plays Raju aka Rajesh Kumar, a much-hated and feared wannabe who takes short cuts to success. Tiku Talsania is Mr. Tolani, a producer, Amrita Rao is superstar Mansi in love with Shekhar.

Raju steals Shekhar's script and stars in a film based on it. Chunky Pandey plays Kapoor, Raju's manager The film is a hit and he becomes a star. Shekhar is devastated but decides to take his revenge. He also marries Mansi and becomes Mr.Mansi, a tag he cannot live with. So Mansi leaves him. A twist of events causes Shekhar to make a movie with Raju.